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Aug 21 (Reuters) - European shares were flat on

Wednesday as investors awaited the minutes of the Federal

Reserve's July meeting to further gauge the mood of

policymakers, while basic resources kept the index afloat.

The pan-European STOXX 600 index held its ground at

512.74 points by 0711 GMT, after snapping a five-day winning

streak in the previous session.

All regional bourses opened flat and then moved slightly

higher, rising between 0.1% and 0.2%.

Basic resources gained 1.2% after Shanghai aluminium

futures scaled a five-week high, supported by tightness in raw

materials supply.

With no data coming out of Europe on Wednesday, investors

await the Fed minutes due later in the day that are expected to

reinforce a dovish stance.

Preliminary revisions to U.S. labour data are also due to be

published later in the day and a large downward revision is

expected.

Among individual stocks, Voestalpine rose to the

top of the European benchmark, gaining 3.8% after Morgan Stanley

upgraded its rating on the stock to "overweight" from

"equal-weight".

Alcon lost 2.2% after the Swiss eye care company

reported a smaller than expected increase in second-quarter

sales.

Sonova Holding AG dropped 3.2% after Morgan Stanley

downgraded the stock to "underweight" from "equal-weight".

(Reporting by Pranav Kashyap in Bengaluru; Editing by Mrigank

Dhaniwala)